Sunraycer buys 325 MW of solar projects, expanding into MISO market
What's the deal? Crayhill Capital ManagementDealroom has a profile for this one. Try Dealroom →-backed SunraycerDealroom has a profile for this one. Try Dealroom → Renewables has acquired two utility-scale solar projects totalling 325 MW AC from Apricus Energy, a joint venture between NOVI Energy and Osaka Gas USA. The deal includes the 175 MW AC Gem City project in Adams County, Illinois, and the 150 MW AC Mighty Mississippi project in New Madrid County, Missouri. Terms were not disclosed.
What's the endgame? The acquisition expands Sunraycer's footprint in the Midcontinent Independent System Operator (MISO) market, where both projects sit in the final phase of the interconnection process.
Why now? Construction is expected to begin in early 2028, with commercial operations targeted for 2029. Sunraycer says it plans to use safe-harboured equipment for both assets — a move that can lock in tax-credit eligibility ahead of policy shifts.
The signal: The deal lands amid a broader financing and acquisition upswing in US solar. Project acquisitions reached 34.4 GW in the first nine months of 2026, ahead of last year's pace, as developers increasingly need credible buyers and contracts to push projects forward.
Read more: taiyangnews.info
Image credit: USDAgov
